TriMas (NASDAQ:TRS) Cut to Hold at Wall Street Zen

TriMas (NASDAQ:TRS - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Separately, BWS Financial restated a "buy" rating and issued a $40.00 price target on shares of TriMas in a research report on Wednesday, April 30th.

TriMas Trading Up 4.5%

Shares of NASDAQ TRS traded up $1.15 during midday trading on Friday, reaching $26.57. 332,995 shares of the stock were exchanged, compared to its average volume of 332,620. The company has a market capitalization of $1.08 billion, a P/E ratio of 41.52 and a beta of 0.58. TriMas has a 52-week low of $19.33 and a 52-week high of $28.51. The company has a current ratio of 2.83, a quick ratio of 1.44 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $23.01 and a 200-day moving average price of $24.01.

TriMas (NASDAQ:TRS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $241.67 million during the quarter, compared to the consensus estimate of $235.41 million. TriMas had a return on equity of 9.21% and a net margin of 2.93%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities research analysts expect that TriMas will post 1.69 earnings per share for the current fiscal year.

Insider Activity

In other TriMas news, Director Jeffrey A. Fielkow acquired 2,500 shares of the company's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $20.78 per share, for a total transaction of $51,950.00. Following the purchase, the director now directly owns 11,013 shares of the company's stock, valued at $228,850.14. This trade represents a 29.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shawn Sedaghat purchased 249,597 shares of TriMas stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $23.83 per share, for a total transaction of $5,947,896.51. Following the transaction, the director now directly owns 346,825 shares in the company, valued at $8,264,839.75. This represents a 256.71% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 1,772,695 shares of company stock valued at $43,788,704 over the last three months. 14.20% of the stock is owned by insiders.

Institutional Investors Weigh In On TriMas

A number of institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of TriMas by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,106 shares of the industrial products company's stock worth $568,000 after purchasing an additional 834 shares during the period. Sterling Capital Management LLC raised its holdings in shares of TriMas by 815.5% during the 4th quarter. Sterling Capital Management LLC now owns 1,300 shares of the industrial products company's stock valued at $32,000 after buying an additional 1,158 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in TriMas by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,461 shares of the industrial products company's stock valued at $982,000 after acquiring an additional 1,227 shares during the period. MetLife Investment Management LLC grew its stake in shares of TriMas by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 24,788 shares of the industrial products company's stock worth $610,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in TriMas by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 247,761 shares of the industrial products company's stock worth $5,805,000 after buying an additional 1,664 shares during the period. 99.42% of the stock is owned by institutional investors.

TriMas Company Profile

TriMas Corporation engages in the design, development, manufacture, and sale of products for consumer products, aerospace, and industrial markets worldwide. The company operates through Packaging, Aerospace, and Specialty Products segments. The Packaging segment offers dispensing products, such as foaming and sanitizer pumps, lotion and hand soap pumps, beverage dispensers, perfume sprayers, and nasal and trigger sprayers; polymeric and steel caps and closures comprising food lids, flip-top and beverage closures, child resistance caps, drum and pail closures, and flexible spouts; polymeric jar products; integrated dispensers; bag-in-box products; and consumable vascular delivery and diagnostic test components under the Rieke, Taplast, Affaba & Ferrari, Intertech, Omega, and Rapak brands.